Nexen Inc. Global Company –Canada, US - Gulf of Mexico, Columbia, Brazil, Nigeria, Yemen, Indonesia and Australia Oil, Natural Gas and Chemicals –One of the largest conventional oil producers in Canada –One of the largest sodium chlorate producers in the world

Oil and Gas Active member of the Canadian Association of Petroleum Producers –potential impacts associated with climate change and commitments made in Kyoto Active member of the Voluntary Challenge and Registry –reported CO 2 reductions of 1990 baseline

Oil and Gas 1999 Partnership with US Nature Conservancy –260,000 acres in Belize rain forest –CO 2 credits equivalent to 600,000 tonnes –Used to offset the Company’s CO 2 emissions from Annex 1 countries Technology transfer to reduce gas flaring

Chemicals - Brandon Low NOx boilers Re-use hydrogen gas One of the largest consumers of hydro power in Manitoba Environment Management System –Responsible Care and ISO Water conservation

Concerns US opting not to participate –Uneven playing field Industry expected to shoulder the burden Water shortage

Opportunities Alternative sources –hydrogen –wind